GOOD

Is This the End of the European Union?

Europe's financial crisis is undermining one of the great global experiments in democracy and economics.


When Jean Monnet was 26, an assassination in the Balkans sparked World War I. When he was 51, Hitler’s Germany launched World War II, engulfing Europe in chaos again. The French economist concluded that only economic integration could keep the continent from war, and spent the rest of his life laying the groundwork for what would become the European Union.

Now, with the continent engulfed in financial crisis that began in the Balkans, it’s disturbingly possible that Monnet’s dream could go down the tubes, as France and Germany contemplate creating a “core” of economically-integrated countries and leaving insolvent members behind.

Keep Reading Show less
Articles